402 N 16th StMcAllenTX78501
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in McAllen at 402 N 16th St, McAllen, TX, 78501 generates $1,055/mo in rent and, after a $636/mo payment, leaves $131/mo in cash flow. Total monthly income is $1,055/mo, and annual cash flow is $1,570/yr on $43,095 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 9.74% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 123.61% and total cumulative return in cash sums $53,271. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,055/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78501, Mcallen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,633 (100%) |
| Owner Occupied HU | 11,771 (44.2%) |
| Renter Occupied HU | 11,969 (44.9%) |
| Vacant Housing Units | 2,893 (10.9%) |
| Median Home Value | $182,269 |
| Average Home Value | $208,656 |
Housing Distribution
Address Breakdown
Residential
24,170
Single Family
19,817
Multi-Family
4,353
Businesses
4,074
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